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Essay text:
Liberals believed without a doubt that this movement
would result in the greatest possible efficiency of resources being used and
would allow the society to have its material wants satisfied to the fullest.
Citizens who contributed to this social structure were the ones who pursued
their own desires.
In all, the argument for laissez-faire is based upon the premise that free trade
and unregulated economic activity will enhance economic growth by stimulating
competitive enterprise. From what can be gathered, laissez-faire was produced
as a reaction to mercantilism. Mercantilism was the system of commercial controls
in which industry and trade, especially foreign trade was merely seen as means
of strengthening the state...
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Common topics in this essay:
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